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I cannot seem to find it in my book because it is not friendly but it suppose to be on my test and I do not have a medcal book (no money for one right now).I am taking up medical billing and coding.

2006-12-06 13:53:38 · 3 answers · asked by jany50002002 3 in Education & Reference Higher Education (University +)

3 answers

Contractual allowance is the agreed amount in which the insurance company will pay as opposed to what the facility/doctor will charge.
Also, say a hospital charges $50 for something, the insurance contracted allowable would be, say, $40, so the contractual adjustment would be $10, essentially the hospital would be writing off the $10. The allowance is usually a percentage of each code.
Taking a coding class with no book may not be the best idea.. Can you study w/someone who has a book?

2006-12-06 14:14:44 · answer #1 · answered by asleep 2 · 1 0

Contractual Allowance

2016-09-30 11:18:25 · answer #2 · answered by ? 4 · 0 0

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RE:
What is contractual allowance and value in medical term?
I cannot seem to find it in my book because it is not friendly but it suppose to be on my test and I do not have a medcal book (no money for one right now).I am taking up medical billing and coding.

2015-08-10 03:08:12 · answer #3 · answered by Anonymous · 0 0

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